Blue Chip Partners LLC Purchases 2,860 Shares of Exxon Mobil Co. (NYSE:XOM)

Blue Chip Partners LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 29.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,476 shares of the oil and gas company’s stock after purchasing an additional 2,860 shares during the period. Blue Chip Partners LLC’s holdings in Exxon Mobil were worth $1,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eastern Bank raised its position in shares of Exxon Mobil by 939.0% in the 3rd quarter. Eastern Bank now owns 702,501 shares of the oil and gas company’s stock worth $82,347,000 after acquiring an additional 634,888 shares in the last quarter. Leo Wealth LLC grew its stake in Exxon Mobil by 3.8% during the 3rd quarter. Leo Wealth LLC now owns 40,275 shares of the oil and gas company’s stock worth $4,721,000 after buying an additional 1,463 shares during the last quarter. Waldron Private Wealth LLC grew its stake in Exxon Mobil by 1.2% during the 3rd quarter. Waldron Private Wealth LLC now owns 50,503 shares of the oil and gas company’s stock worth $5,920,000 after buying an additional 609 shares during the last quarter. Symphony Financial Ltd. Co. grew its stake in Exxon Mobil by 0.8% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 79,610 shares of the oil and gas company’s stock worth $9,231,000 after buying an additional 624 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. grew its stake in Exxon Mobil by 23.4% during the 3rd quarter. Alexander Labrunerie & CO. Inc. now owns 46,665 shares of the oil and gas company’s stock worth $5,470,000 after buying an additional 8,862 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on XOM. Piper Sandler dropped their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Bernstein Bank boosted their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Wells Fargo & Company dropped their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.12 on Friday. The stock has a market capitalization of $492.78 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a twelve month low of $102.88 and a twelve month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average of $108.60 and a 200 day moving average of $114.52.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the firm posted $2.48 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. Exxon Mobil’s payout ratio is 50.51%.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.